Member Info for ConMan94

- Credit Line NOT Maxed out. $1m available.
- Quite a big development ongoing with Pine Mills which we should hear about in the next 2 weeks

Agreed but you know what Mike is like. I'd just stick with $1600 AISC until I've seen a couple of quarters of evidence this has lowered. Still your overall point is valid, we're generating cash. The big question is how much are they spending on Coringa.

Oh come on billy. We're in a JV with Cypress 3-4 obviously included wells drilled by them with our WI. I know you like hate the stock but be honest with yourself.

You act like they didn't drill any. They drilled 2 out of the 3/4. Clearly by saying they aimed for 3-4 meant 4 would always be a push, so they only missed their target by one & that's because GE1 failed. Obviously you already know this, but you just want to be controversial.

https://www.youtube.com/watch?v=i7yetcIwpNw&t=1s&ab_channel=InternationalInvestmentForum%28IIF%29

They have $1m free based on the last RNS about it. Nothing beats reading rather than guesswork lads. Would imagine this will be spent on drilling at Pine Mills once the hearing is completed.

Mike said JV by end of 2022. Bit overdue.

Co making $350 profit per oz at these levels. Great news. SP should really be re-rating any time now.

Seems Q4 numbers are going to be quite a bit higher % wise. Nice!

It's not called Monreal. It's called Hostmore. Monreal was the name of the company with the 'more' ticket previously which LSE have failed to update.

I mean there hasn't been a placing in 2 years. For a £2m mc company on AIM, going through the pandemic that is pretty good I would say.

I for one didn't see the big SH as a good thing. In my opinion, he knew there would be many many placings being done. The huge SH just allowed him not to invest in further placings and, whilst being diluted, still hold a huge % of the count.

The lending facility was maxed out after the grant east drill, and there was not enough cash on hand to drill another well. This is all common knowledge. The only way they could've drilled another well is to do a fund raise, which they haven't done now in 2 years (despite all you lot moaning about fundraises). Will they raise again soon? Maybe who knows, but they certainly don't need to with the cash flow and debt facility that is in place.

No we didn't have the cash billy. Are you unable to read?

Company can get drilling again now which will excite the market. Personally, I'd rather them drill with Cypress. They have the 3d. 2/2 successful drills and a Pine Mills 3 which we could go in for 32.5% again hopefully getting another 100bopd - 32.5net to NTOG would push us way over the 150 net per day. From there, with the built up cashflow the company could could to drill at it's grant east leases. That's how I'd do it, rather than just spend the whole facility on GE.

Let's see what happens, but with cash available to spend, should hear some news soon.

all available on RRC, you have to be creative in your calculations though. So I expect mine to be on the high side.

That's gross figures by the way.

Not sure why these haven't been released. From the info I've found, I predict numbers:
July 153 August 153 September 140.

Spot on Geezer. We just need gold to stay high so the cash position stays fine. Remember $10.3m of cash at September with $5.6m due in loan repayment in Q2 next year. Need a high gold price to allow the company to have enough working capital.
Q4 cash position update will be very telling given the increase in gold price.

OIL MARKET: New @EIAgov data shows stronger US oil demand than previously thought.

September total oil demand pegged at 20.470 m/d based on **monthly** data, up ~530,000 b/d from 19.938m b/d based on **weekly** data.

The new Sep 2022 data puts the month above Sep 2019 level.